It would have been helpful if the NYT had pointed out this fact in an article that included assertions from House Speaker John Boehner that spending is out of control.
"The president got his tax hikes on January the First. The issue here is spending. Spending is out of control."
In fact, spending as a share of potential GDP is near a 30-year low and is lower than at any point in the Reagan-Bush I administrations. The chart shows federal spending as a share of GDP and as a share of the GDP pro...
Published on March 04, 2013 02:46